Jobs, jobs, jobs!!

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Heretic

Posts : 3094

Subject: Jobs, jobs, jobs!! 8/3/2011, 7:44 pm

Filed under "Obvious":

Quote :

Dearth of Demand Seen Behind Weak Hiring

The main reason US companies are reluctant to step up hiring was scant demand, rather than uncertainty over government policies, according to a majority of economists in a new survey published Monday in the Wall Street Journal.

"There is no demand," Paul Ashworth of Capital Economics said. "Businesses aren't confident enough, and the longer this goes on the harder it is to convince them that they should be."

In the survey, conducted July 8 to 13, 53 economists -- not all of whom answered every question -- were asked the main reason employers were not hiring more readily. Of the 51 who responded to the question, 31, or 65 percent, cited lack of demand, while 14, or 27 percent, cited uncertainty about government policy. The others said hiring overseas was more appealing.

Some executives echoed the survey's central finding.

"We're hiring a little here and there -- but it's not what it should be," Daniel Cunningham, chief executive of Long-Stanton Manufacturing of Hamilton, Ohio, said. "And it's because of the lack of demand."

I'm sure I've said as much somewhere along the lines. Things are bad because people are out of work, yes, but those that are working can't afford much beyond food and shelter. Slashing funding for the social programs keeping them (and the unemployed) afloat has no hope of turning things around.

Quote :

The others said hiring overseas was more appealing.

As predicted. That's why I never bought that "they're job creators" bullshit. It's that flat-earth economics; these guys aren't beholden to the US. They're creating jobs, but doing so overseas where there's growth and cheaper labor, as dictated by the free market.

Heretic

Posts : 3094

Subject: Re: Jobs, jobs, jobs!! 8/3/2011, 7:47 pm

Artie60438

Posts : 9360

Subject: Re: Jobs, jobs, jobs!! 8/3/2011, 9:04 pm

Heretic wrote:

I'm sure I've said as much somewhere along the lines. Things are bad because people are out of work, yes, but those that are working can't afford much beyond food and shelter. Slashing funding for the social programs keeping them (and the unemployed) afloat has no hope of turning things around.

But at least the Bush tax cuts were extended. That way a super rich guy can buy an obscenely expensive piece of Art that does nothing to help the economy vs money for a social program like LIHEAP that would actually free up dollars that would be spent in the local economy.

Quote :

The others said hiring overseas was more appealing.

Quote :

As predicted. That's why I never bought that "they're job creators" bullshit. It's that flat-earth economics; these guys aren't beholden to the US. They're creating jobs, but doing so overseas where there's growth and cheaper labor, as dictated by the free market.

Their god is corporate profits. The country is screwed big time. The only logical way to dig ourselves out of this whole is to invest in rebuilding infrastructure and focusing on green technology. Unfortunately,with the tea party holding the country hostage and insisting on draconian cuts to spending everywhere that's not going to happen.